Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Corona Multifamily Investment Opportunity Title is generated by Realmo AI

    106 50th Ave, Corona, NY 11377

    View on Map
    Claim this Listing
    For Sale
    $1,650,000

    Legal 6-family building near transportation and amenities.

    Property size:
    1,600 SF
    Price / SF:
    $1,031/SF
    Added:
    Jan 6, 2026
    Days on Market:
    141
    Last Refresh:
    May 25 at 12:57 am

    Property Features for 106 50th Ave

    General Information

    Standard status
    Active
    Size
    1,600 SF

    We can help!

    Listing Contact
    John Z. Liu CBR

    Listing agent John Z. Liu CBR License #10301223234

    Listing office Chase Global Realty Corp

    Listing date Jan 6, 2026

    Source Exprealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Chase Global Realty Corp

    HighLights

    • Steady rental income from a legal 6‑family building (one 1‑bedroom and five 2‑bedroom units).
    • New windows, doors, gas heating, and hot water systems.
    • Separate utility meters for each unit.
    • Solid construction with concrete and bricks.
    • Convenient location near the #7 Train, major expressway, supermarket, restaurants, drug store, and laundromat.
    • Well‑maintained pre‑war building.

    Overview

    This is a legal 6-family, pre-war walk-up apartment building featuring one 1-bedroom unit and five 2-bedroom units. The building is well-maintained and includes new windows and doors, as well as new gas heating and hot water systems. Each unit has separate utility meters. The property is located in the center of the Corona area, offering convenient access to the #7 Train and major expressways. Nearby amenities include a supermarket, restaurant, drug store, and laundromat. Constructed with concrete and bricks, the building measures 20 feet by 80 feet. This steady rental-generating property is suitable for investors.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Corona
    County
    Queens
    State
    New York
    Longitude
    -73.923093
    Latitude
    40.737593

    Nearby Similar for Sale

    • $2,550,000
      5,515 SF

      Corona Multifamily Building Near 7 Train

      Well-maintained 6-family building near transportation, shopping, and amenities.
      38-11 111th Street, Corona, NY 11368
      View Details
    • $5,000,000
      12,800 SF

      Two-Building Package in Corona, NY

      Two-building package with parking in high-demand Queens location.
      10219 44th Avenue, Corona, NY 11368
      View Details
    • $1,790,000
      4,480 SF

      Modern Three-Family House in Corona

      Legal three-family house built in 2004 with nine beds.
      99-18 Corona Avenue, Corona, NY 11368
      View Details
    • $2,880,000
      5,294 SF

      Corona Multifamily Building For Sale

      Eight-family building in Corona, built in 2018, near Roosevelt 7 train.
      112-42 38th Avenue, Corona, NY 11368
      View Details
    • $4,000,000
      18,520 SF

      Two-Building Package in Corona, NY

      Two-building package deal in high-demand Queens location.
      10211 44th Avenue, Corona, NY 11368
      View Details
    • $1,259,000
      1,450 SF

      Six-Unit Multifamily Investment Opportunity

      Six-unit property with income potential in Corona, Queens.
      41-08 111th Street, Corona, NY 11368
      View Details
    • $1,488,000
      1,000 SF

      Corona Income-Producing Mixed-Use Property

      Detached building in Corona with redevelopment potential near Roosevelt Avenue.
      10460 Roosevelt Avenue, Corona, NY 11368
      View Details
    • $3,880,000
      5,104 SF

      Modern Mixed-Use Building, Corona

      Four-story mixed-use building with commercial and residential units.
      10211 37th Avenue, Corona, NY 11368
      View Details
    • $1,599,999

      Legal Four Family Residence

      Four-unit multifamily property in North Corona, near Manhattan transportation.
      97-28 41st Avenue, Corona, NY 11368
      View Details
    • $2,299,999

      Corona Multifamily Building For Sale

      Charming 4-unit building with modern renovations and convenient location.
      5528 98th Street, Corona, NY 11368
      View Details
    • $150,000

      Established Flower Shop on Northern Boulevard

      Profitable flower shop with high foot traffic on Northern Boulevard.
      107-07 Northern Boulevard, Corona, NY 11368
      View Details
    • $1,699,000
      3,000 SF

      Vacant Multifamily Property in Corona

      Fully vacant multifamily property in Corona, Queens, near Flushing Meadows.
      4912 111th Street, Corona, NY 11368
      View Details

    FAQs

    What type of property is this?
    Apartment building - Legal 6-family building near transportation and amenities.
    Where is this apartment building located?
    The property is located at 106 50th Ave Corona, NY.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: Steady rental income from a legal 6‑family building (one 1‑bedroom and five 2‑bedroom units).; New windows, doors, gas heating, and hot water systems.; Separate utility meters for each unit.
    (212) 991-8269
    We can help!
    Listing Contact
    John Z. Liu CBR
    Real Estate License ID: 10301223234
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    106 50th Ave, Corona, NY
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!